Diamond trade makes come back in Latin America
Strategically located at the middle of the two Americas, Panama plans to build a 50 floor building to host a diamond market.
Wednesday, September 24, 2008
The building will also have a gemmology institute, laboratories, cutting and polishing workshops, and a trading hall.
Panama will host the first diamond exchange in Latin America which will be installed on October 24.
Panama is building Latin America's first diamond exchange expected to be recognized by the World Federation of Diamond Bourses.
The company 'Panama Diamond Exchange' expects to start operations next year, investing $300 million.
Panama has been admitted to the Kimberley Process for certification of rough diamonds so that they can be marketed from its territory, which will enable the creation of a Diamond Exchange.
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